Wednesday, October 23, 2013

(VIDEO) Karl Denninger: Obama Care Could Implode Before the End of the Year

Published on Oct 22, 2013

http://usawatchdog.com/obama-care-wil… - Karl Denninger of Market-Ticker.org says Obama Care is destined to be a disaster. Denninger says, “What Congress calculated rather coldly is they could shove a gun up young people’s backs and make them fork up the money.” There are two very big problems with this, according to Denninger, “They have no reason to buy today, and the fine is insufficient motivation because it is a small fraction of the premium.” Denninger predicts, “This is not going to bring down healthcare costs. This is going to accelerate costs. This is extremely bad law.” Join Greg Hunter as he goes One-on-One with trader/financial analyst Karl Denninger.